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| Sweden's FM: Can't Rush EU Integration in forum [NotSoBreakingGeo]
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Lplate
Posts: 4737
Incept: 2008-08-06
Australia
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edited title to fit: Sweden's Foreign Minister: Can't Rush EU Integration Quote:
https://mninews.deutsche-boerse.com/cont....
June 26, 2012
LUXEMBOURG (MNI) - Europe needs time for s profound debate on deeper integration, and that process should not be rushed, Swedish foreign minister Carl Bildt said on Tuesday.
He noted that while the Eurozone's debt crisis has "urgent short term issues" that need to be dealt with, discussions on a roadmap for deeper financial integration and banking union, by contrast, are "very long term."
Europe has a "democratic decision-making process that needs to be respected," Bildt said. "Sometimes decisions have been taken too fast."
EU foreign ministers are meeting in Luxembourg Tuesday to prepare the discussion for EU leaders on a report outlining steps to deepen financial and fiscal integration in the EU, including more centralisation of powers at the European level. Political leaders hope such steps will reassure markets that the Eurozone is addressing its structural weaknesses.
EU leaders will discuss the ideas when they meet in Brussels this Thursday and Friday.
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Lplate
Posts: 4737
Incept: 2008-08-06
Australia
|
Quote:TOWARDS A GENUINE ECONOMIC AND MONETARY UNION
PDF LINK
http://consilium.europa.eu/uedocs/cms_da....
Brussels, 26 June 2012
It is my pleasure to hereby transmit to you the report which I prepared in close cooperation with the Presidents of the Commission, the Eurogroup and the European Central Bank.
This report sets out a vision for the future of the Economic and Monetary Union and how it can best contribute to growth, jobs and stability. The report proposes to move, over the next decade, towards a stronger EMU architecture, based on integrated frameworks for the financial sector, for budgetary matters and for economic policy. All these elements should be buttressed by strengthened democratic legitimacy and accountability.
This report is not meant to be a final blueprint: it identifies the building blocks and suggests a working method. I do however expect to reach a common understanding amongst us on the way forward for the EMU at our meeting at the end of the week. The current situation requires careful consideration of future work that will be necessary over the medium to long term. I am prepared to continue working, together with the Presidents of the Commission, the Eurogroup and the European Central Bank, to submit to the December 2012 European Council detailed proposals for a stage-based process towards a genuine Economic and Monetary Union, closely associating the Member States all along.
I am looking forward to our discussions on Thursday evening and Friday... |
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